Freeze-drying Market Share

APAC Market Forecast

By region, Asia Pacific is expected to hold the largest market share by the end of 2035 with about 39% share. The presence of key players in the lyophilization market in the region and the development of manufacturing units of dominating pharma companies in the Asia Pacific region is expected to drive the market growth during the forecast period. In addition, there has been an increase in the expenditure on research & development by the pharmaceutical companies of countries such as China, and India. For instance, Indian pharmaceutical companies on average spend nearly 12 percent of their annual turnover on research and development every year.

North America Market Statistics

North America is expected to hold the second-largest share of the revenue at about 25% during the forecast period. The market is growing on the account of rising approval of biological products in the region. Furthermore, the advancements and innovations in the products are also driving the market growth. For instance, during the Interphex show in April 2022, NJM introduced Cool vacuum freeze-drying from Dara Pharma Group in the US and Canada. These new releases show the need for lyophilizing equipment and services needed to produce medicines and foodstuffs.